This property looks like a bad Long-Term investment with a projected -17.95% first-year return on $201k initial cash invested.
-17.95%
Cash On Cash
3.04%
Cap Rate
0.47
DSCR
$4,678
Rent
-$3,011
Cashflow
Cash Flow
$4,678 income − $7,689 expenses = $3,011 out of pocket
Investment Breakdown
|
Purchase Price
$959k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$192k
Closing costs
1%
$9,586
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,678
Total Expenses
$7,689
Mortgage P&I
111%
$5,205
Property Taxes
20%
$917
Home Insurance
7%
$350
HOA
0%
$0
Property Management
10%
$468
CapEx
5%
$234
Vacancy
6%
$281
Maintenance
5%
$234
Other
0%
$0